Inventory turnover can determine whether a business is performing well or worse. To further define it, it is the rate of how fast a company buys and sells its products to its customers. It indicates an unfavorable scenario when a business has a low inventory turnover. It might mean that it has poor management that is prone to making unsound decisions, unsatisfactory sales approach of the Sales people, or having too many obsolete goods in the inventory list.
Based on recent statistics, here are the industries with the highest inventory turnover: